Man Group plc Makes New $1.89 Million Investment in The Middleby Corporation $MIDD

Man Group plc bought a new stake in shares of The Middleby Corporation (NASDAQ:MIDD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,987 shares of the industrial products company’s stock, valued at approximately $1,890,000.

Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in Middleby by 14.3% during the first quarter. The Manufacturers Life Insurance Company now owns 67,926 shares of the industrial products company’s stock valued at $9,006,000 after buying an additional 8,524 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Middleby in the fourth quarter worth $2,464,000. Sei Investments Co. grew its stake in shares of Middleby by 6.5% in the first quarter. Sei Investments Co. now owns 803,383 shares of the industrial products company’s stock worth $106,514,000 after acquiring an additional 49,228 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Middleby by 272.0% during the first quarter. Fifth Third Bancorp now owns 32,441 shares of the industrial products company’s stock valued at $4,301,000 after acquiring an additional 23,721 shares in the last quarter. Finally, SummitTX Capital L.P. purchased a new position in shares of Middleby in the 1st quarter worth about $1,775,000. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MIDD shares. Zacks Research cut shares of Middleby from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Seaport Research Partners set a $145.00 target price on shares of Middleby in a report on Wednesday, August 12th. Weiss Ratings downgraded shares of Middleby from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Robert W. Baird cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Finally, Canaccord Genuity Group set a $160.00 price target on shares of Middleby and gave the company a “buy” rating in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Middleby currently has a consensus rating of “Hold” and an average target price of $160.75.

Middleby Trading Up 0.7%

Middleby stock opened at $111.60 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The Middleby Corporation has a one year low of $109.68 and a one year high of $180.13. The stock has a market capitalization of $5.05 billion, a PE ratio of -12.05 and a beta of 1.31. The business’s fifty day moving average is $134.96 and its 200 day moving average is $144.60.

Middleby (NASDAQ:MIDD) last issued its earnings results on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.26. The business had revenue of $875.55 million during the quarter, compared to analyst estimates of $836.99 million. Middleby had a positive return on equity of 17.44% and a negative net margin of 13.22%.Middleby’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, sell-side analysts predict that The Middleby Corporation will post 6.85 EPS for the current year.

About Middleby

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.